HB + NZ Economic Indicators for Q4-21

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Turley & Co collated HB + NZ Economic Indicators for Q4-21

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Hawke’s Bay’s economy overall for Q4-21 continued to perform strongly.  Refer to our Indicators, for 39 key measures tracked by Team Turley & Co.

The median house price for Hawke’s Bay rose to $820,000 for Q4-21, equating to a 57.7% increase on 24 months prior.  Quarterly retail spending in December was 21.4% higher than is was for Q4-19, notwithstanding COVID.

Hawke’s Bay airport passengers increased by 11,300 on the prior quarter (Q3-21), although passenger numbers are 37.3% behind Nov-20.

New Zealand has seen a marked inflation spike to 5.9% at December 2021.  GDP increased from 0.5% Dec-19 to 3% Dec-21.  Government spending increases are a reoccurring theme since the onset of the COVID pandemic.

Refer to Turley & Co latest commercial-industrial property market reports, including Hawke’s Bay and NZ cap rates and retail occupancy survey.

Refer to our Indicators page for prior periods metrics.


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